Milner in Russia: are StartFellows grants too small to attract good projects?

Russia’s most prominent venture investor Yuri Milner operates on the global scale and his success backing Facebook, Zynga and Twitter is mind-blowing. Last year, having send shock waves through the venture capital industry by offering to fund every single Y-Combinator company with $150 000 of convertible loan, Milner and Ron Convey’s Start Fund has seen Andreessen Horowitz joining their efforts.

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Why «Kuznech»?

«Kuznech» is derived from a Russian «kuznechik», which means «grasshopper».

Grasshopper is a very unique insect: it has 5 eyes. Three simple eyes are used to distinguish between light and dark, while two large compound eyes are composed of many hexagonal lenses (ommatidia). Each such lens picks up a certain pixel of an image, and looking through all the lenses puts one final image together. Compound eyes are a way of seeing more efficiently at the high velocities.

Pointing up the company's focus on visual search and object recognition, we dropped the suffix «-ik» and turned into «Kuznech». Now you know :)